newbrownshoe, while I agree this is a great company, I think it is worth pointing out that they have not actually started to receive any sort of income stream yet, and they still appear to be quite dependent on grants in order to continue their work.
In addition, the cost per MW of their generated power is, and will be for a significantly long time, much greater than the cost of any fossil fuel based electricity generation. It is even expected to take a number of years before it is able to start competing with wind on an economic stand point.
Those costs are economic though and while there are amazing obvious benefits to wave energy over fossil fuels, I believe it will still take quite a number of years before we see this really start to become more common. It is starting now, but not quite progressing quick enough and governments, especially in Australia, seem to love their fossil fuel power plants more than the required investment, legislation, subsidies and work to get green sources such as wave as a major contender for power supply.
Finally, I, as do many others here, believe that the CETO device is superior to many if not all competitors I have seen. However, the best does not always come out in front. There are other factors such as investment backing, timing, political support (which Carnegie seem to be lacking at the moment in the form of the delayed announcement of the REDP grants), location and others that can lead to a inferior device winning out.
Therefore, while I believe Carnegie has great prospects, and I seriously hope that your predictions are accurate. I am aware of the risks that face Carnegie, as are faced by almost any company, and while I am sure you are aware too, I thought it was worth mentioning here.
As far as predictions, I think after the REDP announcement we'll hit 35cents and this time next year, 50cents. That being said I would love to be proven wrong.
P.S. Sorry about the pessimism.
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